According to sources with TNRERA, those, who have registered as agents with the realty regulator can provide their services for buying or selling housing properties between the promoter and buyer, only for the projects registered with the state’s RERA. This is as per the rules, the source added.

About 110 real estate agents have registered with the TNRERA after the constitution of the realty regulator in the state on June 22 this year. Of these, 43 are individual real estate agents and the rest 67 have registered under the category of firms, as per the data available .

While an individual should pay Rs 25,000 as registration fee, those not registered under the category such as firms, should pay Rs 50,000 as registration fee.

The Tamil Nadu Real Estate (Regulation and Development) Rules, 2017 states that the real estate agent shall maintain and preserve books of account, records and documents in accordance with the provisions of the Income Tax Act, 1961.

TNRERA sources further said home buyers can register their grievances against the real estate agents for poor services with the real estate authority. But, their complaints should be substantiated with some documentary evidence , the sources added.

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